125 Rincon Hondo Canyon RdFence LakeNM87315
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fence Lake at 125 Rincon Hondo Canyon Rd, Fence Lake, NM, 87315 offers a 0% rental yield on a $395,000 purchase with $0/mo rent. 34% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
140 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 87315, Fence Lake, NM area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 151 (100%) |
| Owner Occupied HU | 89 (58.9%) |
| Renter Occupied HU | 10 ( 6.6%) |
| Vacant Housing Units | 52 (34.4%) |
| Median Home Value | $180,227 |
| Average Home Value | $153,090 |
Housing Distribution
Address Breakdown
Residential
57
Single Family
57
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Jimmie Sue Lee • New Mexico West Properties
Mls Name: New Mexico MLS
Mls ID: #20254827